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The lediger of Paint Supplies inc. contains the following information for operations for the year anded September 30, 2020 Click the icon to view the accounting records.) Required 1. Prepare a multi-step income statement for the year ended September 30, 2000 Omarings per har 2. Was 2020 a good year or a bad year for Paint Supplies inc. Explain your answering of the took for 2001 Requirement 1. Prepare a multiple-step income statement for the yewended b er , 2020. Otang po share se postheses or mission for any loss) Income woment For the Year Ended September 30, 2020 Accounting records 150 Gainon decod eros Operwing preseding income . ......... ... t ion any listor teraryumber in the input folds and then continue to the no The ledger of Paint Supplies inc. contains the following information for operations for the year anded September 30, 2020 Click the leon to view the accounting records.) Required 1. Prepare a multiple-step income statement for the year ended September 30, 2020. Omitings per share 2. Was 2020 a good year or a bad year for Paint Supplies inc. Explain your answer in terms of the outlook for 2021 Requirement 1. Prepare a multiple-step income statement for the year ended September 30, 2000. Omil aming per share Use parentheses or a minus sign for any losses) Paint Supplies Inc. Income Statement For the Year Ended September 30, 2020 Accounting records 18.750 Canon discontinued operations ....... Operating expenses excluding income ) . Income taxe s perading income Otherios Income tax expense gain on discontinued Print Done Choose from any list or enter any number in the input fields and then continue to the next question (Use parentheses or a minus sign for any losses.) Accounting records Sales revenue .......... Gain on discontinued operations Operating expenses (excluding income tax)... Income tax expense, operating income Other loss..... Cost of goods sold. Income tax expense, gain on discontinued operations 350,000 18,750 67,500 10,000 22,500 230,000 6,250 Print Done 1. Prepare a multiple-step income statement for the year ended September 30, 2020. Omit earnings per share. 2. Was 2020 a good year or a bad year for Paint Supplies Inc.? Explain your answer in terms of the outlook for 2021. Requirement 1. Prepare a multiple-step income statement for the year ended September 30, 2020. Omit earnings per sha Paint Supplies Inc. Income Statement For the Year Ended September 30, 2020 $ se from any list or enter any number in the input fields and then continue to the next